They keep track of my inventory and go and buy supplies when needed.When you select an offer from a cleaner on Turno you get to see the host rating and the Airbnb guest rating for cleanliness, so that helps you make a choice.

Do you emphasize long-term holding of property or quick-turn buying/selling?

The problem is that I live in California (which is cost prohibitive for me currently to "buy local") and must rely on remote management that is local to the investment area. 

ya that's basically mission impossible under the scenario you outlined.There is a lady I know from Oregon and this was her and her moms experince.They bought a duplex  ran that for a few years sold and bought a 4 plex ran that for some years then they were able to buy a 8 unit  then next step was a 20 unit. 

For example if you are buying a value-add property at a 4 cap, but the market stabilized cap is a 5, and you are holding for 5 years, you would expand the cap rate to a 5.5 exit cap.

@Kesha HamiltonHey Kesha,I would also not buy land until you have done all needed DD and have an exit that will work.

Investment Info:Single-family residence buy & hold investment.

If you are buying as a primary be prepared to write an "LOE" Letter of explanation on why your moving out of an SFH into a MF 2-4 unit.

Places in the Midwest like Cleveland, Indianapolis, and Kansas City are good for this too, and in the Southeast, cities like Charlotte, Atlanta, and Raleigh-Durham offer cheap buys and lots of renters.

@Jonathan Greene recently posted a fantastic "Do's and Don'ts" guide for newcomers on the Forums.I, too, am looking to join a motivated local investing group that specializes in buy & hold and multifamily, and I hope to see you at one of the local meetups soon!